JH,
If you are referring to 6% I had mentioned, you need to see the full chain of posts that I was having with Cotton... You seem to have 'picked' the 6% from my post and somehow 'transposed' that onto the $25/share FV of the CTs. Not only you, but Ray also seems to be saying $1.5 and he was referencing one of my posts. I was referring to 6-8% of the 'X' Distribution awarded in the Judgement order by the UK (Judge Hilliard) Court...Please see Cotton's recent post He was gracious enough to post that again and from that I confirmed it was actually 8% of the 'X' Distribution to LBHI which comes to ~ $0.39/CT share, based on my calculations. It could be less than that too, IF LBHI deducts something from that award as 'operational expense' towards the 'distribution'.,, And I really Hope that LBHI sends us that "Interim Distribution' because that's what LBHI told the Judge and the other parties when they made that "Secret Agreement"- that it wants its share of the distribution as 'it needed to distribute to Subordinated Debt holders" due to its 'contract obligations". I sincerely hope that they didn't 'Lie in front of the Judge' only to take that money and then 're-direct' to Sr. Creditors, instead of giving it to us CT holders, as directed by the Judge in his order incorporating the 'Agreement', which was part of his Judgement!
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